Facebook, which has over 200 million users, is becoming nearly as widely available on handsets as it is on PCs. Its members cannot get enough of sharing their experiences and profiles with…
These are the early morning analyst upgrades and positive research calls we have seen from Wall Street analysts this Tuesday morning: Coinstar (CSTR) Started as Overweight at Thomas Weisel. Costco (COST) raised…
Short sellers moved out of financial shares in great numbers. As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE)…
Unemployment may be improving or getting less bad, but the same is not true for credit and borrowing by consumers if the June trends continue. The consumer credit report for June has…
Reuters: Unemployment is causing further stress in the housing market. Reuters: The Microsoft (MSFT) deal with Yahoo! (YHOO) may have challenges with regulators. Reuters: Sony (SNE) lost money on weakness in its…
Short sellers are will to bet, at least for now, that the worst of the banking earning crisis is over. Short interest in a number of large financial companies fell sharply for…
Reuters: A survey shows the global stimulus spending lacks direction. Reuters: The race for “green” cars is still wide open. Reuters: GM (GM) and Chrysler will face Senate scrutiny are dealer closings.…
We had been awaiting a shelf registration statement from Visa Inc. (NYSE: V) for a while now, and now we have gotten that filing this morning. While the company has downplayed the…
Douglas A. McIntyre According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman. Reuters reports that talks to keep Chrysler out of…
There is a reading of the economy which we used to see only go up and up, and that is the monthly consumer credit. In the month of February, consumers cut their…
According to Reuters, HSBC (HBC) has a successful rights offering to raise $18.9 billion. Reuters reports that a deal for IBM (IBM) to by Sun (JAVA) is near collapse. Reuters writes that…
Credit card processing fee legislation appears to be coming back. Whether it becomes law is another matter, but merchants are going after credit card processing fees via a fight in Washington D.C. …
China Mobile (CHL), the world largest cellular service provider, posted strong earnings for last year, but that may be the extent of the good news. Company revenue grew, reaching RMB 412,343 million, up…
Bank uber-analyst Meredith Whitney wrote in The Wall Street Journal that the economy will have more problems as banks take credit cards away from people to prevent bad debt write-offs. She says…
These are the top pre-market analyst upgrades and downgrades we have seen from Wall Street this Friday morning: Adaptec (ADPT) Raised to Outperform at Morgan Keegan. Cubist Pharamceuticals (CBST) Started as Accumulate…
